All financial institution keep a record of their customers which is used to determine their credit discipline. A credit score is a numerical figure of a person based on the analysis from their file records. The report is used by banks and credit stores to gauge lenders creditworthines. The institution mandated with the responsibility of determining the credit score is known as credit bureaus.

The report prepared by the bureau rates your score and based on your discipline, the lenders decide on whether to lend you or not. A good credit score ranges from 300-700 with any figure above that being exceptional. A figure below 300 is considered poor. Report by FICO score, reveals that about 66% of Americans have a good credit score. Customers with high ratings are less risky and are likely to be granted a loan, whereas low rating ones pose a threat of default. A good credit score attracts higher loans at low interest. Credit rating helps lenders know which loans are likely to be bad debt and those that will bring a lot of revenue. People with poor credit score are advised to engage in steps that can help build their scores.


Bitcoin, the first cryptocurrency, still maintains its number one position years after its creation. It uses block chains which is a shared communal documentation of transactions in the creation and tracking of new types of digital tokens. A digital token is one that can only be created and shared depending on the agreed-upon network rules.

Bitcoin led to the emergence of digital currency which has enhanced transaction speed. It does not exist in physical form. When you have a bitcoin, your worth is determined by collective agreement between any computers that are on the bitcoin network. Also, the legitimacy of the creation of your bitcoin by the bitcoin “miner” matters a lot.

In case you want to own this cryptocurrency, you can either purchase from someone else or mine some on your own. The problem with being a miner is that you have to invest in internet and also electricity bills. As a miner, you have to build blockchains. You purchase them from another person using usual money normally via bitcoin exchange.


We all have bought something and later came to realize that it is actually of little benefit. The desire to fit in a given social class, competition to “keep up with the Joneses” and addiction are some of the drives that lead us into wasting money. A person may decide to buy the latest product on the market to keep up with the trend. You just landed a promotion and the first thing you think of is securing a mortgage for that dream home you had. In another instance, your friend John who works at the fast food stores at the gas station wants you to go for a ride every weekend downtown.

After some time, you begin to think of investment but you realize you have little income to drive you. Suddenly an eye-opener comes and you start seeing leakages from your income statement. That expensive watch that you rarely ware, the house you do not even have time to stay in or the numerous trip journeys that you could have avoided. This article b seeks to address money leakages that most people encounter. Below are some of the money consuming substances that one needs to avoid.


An investment is an asset acquired with the intention of future appreciation. Activities associated with financial investment include real estate investment, purchasing bonds, stock acquisition, etc. An investment can be autonomous or induced in nature. Whereas the induced investment depends on income, autonomous investment is dependent on an exogenous function like population growth. Investment can be made by private members in the economy (private investment) or by the government and another public enterprise (public investment).

The benefit that comes from the investment is known as a return. In finance, the return comes in the form of a capital gain, share dividend, interest on bonds or even income. To project expected future benefit for investment, financial accountants use the projected amount in the valuation. Some of the determinants of investments include interest rates, internal rate of return, expected future flow of income, the initial cost of capital and the degree of certainty.

Before an investor makes a decision on whether to focus on a given portfolio, they need to take cognizance of certain factors.

Below are six useful tricks when planning for investment